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C

A significant bullish stance has been taken on Citigroup (NYSE:C) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 52% bullish and 48% bearish. The price target for Citigroup over the last 3 months has been between $36.0 and $70.0. The current price of Citigroup is $46.31, down 1.61%. Analysts have mixed opinions, with ratings ranging from 'Neutral' to 'Outperform' and price targets from $45 to $88.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:12 pm

FMC

FMC Corporation reported Q2 earnings of $0.50 per share, missing the analyst consensus estimate of $0.61 by 18.03%. This is a 74.09% decrease from the same period last year. The company also reported quarterly sales of $1.01 billion, missing the analyst consensus estimate of $1.02 billion by 0.49%. This is a 30.10% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:12 pm

PSA

Public Storage (NYSE:PSA) reported Q2 earnings of $4.28 per share, a 7.27% increase YoY. However, the company's quarterly sales of $1.06 billion missed the analyst consensus estimate of $1.12 billion by 5.71%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:10 pm

BOTZ

NUGT

SMH

TAN

TLT

TQQQ

UVXY

US Treasury yields surged due to Fitch's downgrade of the US sovereign credit rating and elevated issuance plans. The downgrade was due to concerns over fiscal deterioration, growing government debt, and governance erosion. The Treasury Department plans to issue $103 billion in its quarterly refund next week. Seven ETFs experienced significant volatility, including iShares 20+ Year Treasury Bond ETF (TLT), ProShares UltraPro QQQ (TQQQ), VanEck Semiconductors ETF (SMH), Invesco Solar ETF (TAN), ProShares Trust Ultra VIX Short Term Futures ETF (UVXY), Direxion Daily Gold Miners Index Bull 2X Shares (NUGT), and Global X Robotics & Artificial Intelligence ETF (BOTZ).

Portfolio Pulse from Piero Cingari

August 04, 2023 | 12:10 pm

PK

Park Hotels & Resorts (NYSE:PK) reported Q2 Adjusted FFO of $0.60 per share, a 1.64% decrease YoY. The company's quarterly sales were $714.00 million, missing the analyst consensus estimate of $720.29 million by 0.87%. However, this is a 2.73% increase over sales of $695.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:10 pm

PTVE

Pactiv Evergreen (NASDAQ:PTVE) reported Q2 sales of $1.43 billion, missing the analyst consensus estimate of $1.53 billion by 6.80 percent. This represents a 13.05 percent decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:09 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported Q3 revenue of $8.44 billion, down 23% YoY, missing the Street estimate of $8.51 billion. However, EPS of $1.87 beat the estimate of $1.81. QCT segment revenue was $7.17 billion, down 24% YoY, and QTL segment revenue was $1.23 billion, down 19% YoY. The QCT Automotive segment revenue increased 13% YoY. For Q4, Qualcomm expects revenue between $8.1 billion and $8.9 billion, and EPS between $1.80 and $2.00.

Portfolio Pulse from Chris Katje

August 04, 2023 | 12:09 pm

FORM

FormFactor reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.12 by 16.67%. However, the company's quarterly sales of $155.92 million missed the analyst consensus estimate of $162.05 million by 3.79%. This represents a 69.57% decrease in earnings and a 23.54% decrease in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 04, 2023 | 12:09 pm

CENT

Central Garden & Pet has projected its FY23 earnings per share (EPS) to be $2.55, which is higher than the estimated $2.36.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:09 pm

CNXN

PC Connection (NASDAQ:CNXN) reported Q2 earnings of $0.80 per share, beating the analyst consensus estimate of $0.59 by 35.59%. However, this is a 16.67% decrease from the same period last year. The company's quarterly sales were $733.55 million, missing the analyst consensus estimate of $797.14 million by 7.98%, and marking an 11.46% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:09 pm